US appetite for Chinese internet IPOs defies weak profits

China's internet industry has become a darling with investors in the US, but the risks involved in buying these companies are hard to ignore.

US appetite for Chinese internet IPOs defies weak profits

The frenzy of US IPOs from Chinese internet companies continues. Following Qihoo360 and 21Vianet’s popular initial public offerings, Renren, a Chinese Facebook clone, is said to have increased the offering price of its new share sale.

Others are riding the wave. Phoenix New Media, an internet, TV and mobile-news provider, is looking to raise $178.7 million when it lists on the New York Stock Exchange, while Jiayuan.com International, an online-dating platform operator,...

To continue reading, please login or register for free

Print Edition

FinanceAsia Print Edition

CONFERENCES

  • 2nd Compliance Summit Southeast Asia

    17 August 2017  |  Singapore
    The 2017 Compliance Summit Southeast Asia will take an in-depth look at the key compliance considerations today with a focus on regulation and new ...